Current:Home > ContactPhiladelphia mayor strikes a deal with the 76ers to build a new arena downtown -Aspire Financial Strategies
Philadelphia mayor strikes a deal with the 76ers to build a new arena downtown
View
Date:2025-04-14 19:28:09
PHILADELPHIA (AP) — The Philadelphia 76ers have a new teammate in their bid to build a new $1.3 billion arena downtown.
Mayor Cherelle Parker announced Wednesday that she has forged a deal with team owners to keep the NBA franchise in town and will send it to city council. The decision comes despite objections from nearby Chinatown residents and just weeks after New Jersey’s governor offered $400 million in tax breaks to build the site across the river in Camden.
“This is an historic agreement,” Parker said in a video posted on the social platform X. “I wholeheartedly believe this is the right deal for the people of Philadelphia. To the people of Chinatown, please know that I hear you. We have the best Chinatown in the United States, and I am committed to working together to support it.”
Team owners say their planned 76 Place would improve a struggling retail corridor near City Hall and capitalize on the city’s public transit. They have vowed not to renew the lease on their current home, a circa 1996 arena in the city’s South Philadelphia sports complex, when their lease runs out in 2031.
The team now rents the arena from Comcast Spectacor, which also owns the Philadelphia Flyers of the NHL, who also play there. Instead, the Sixers’ owners want their own, more modern facility, one they could also rent out for concerts and other events.
Josh Harris, a managing partner of the ownership group, Harris Blitzer Sports & Entertainment, has said the Sixers will build a privately funded facility that “strengthens ties within the local community through investments that prioritize equity, inclusivity and accessibility.”
On Wednesday, a spokesperson said the owners were grateful for Parker’s support of their proposal “and look forward to advancing to the next steps with city council.”
Chinatown activists who have felt the squeeze of development repeatedly since at least the 1990s had urged the mayor to reject the plan. They are only now getting some relief from a sunken expressway that cleaved their community in two in 1991, in the form of a $159 million grant to build a park over the six-lane highway and reconnect the area.
Parker, who inherited the 76ers issue when she took office in January, had promised to consider their input. Activists complained Wednesday that she ignored it. Some of them took to City Hall with homemade lanterns to “shine a light” on the potential consequences. They say the project will increase vehicle traffic in their pedestrian-friendly neighborhood and force vulnerable residents — older people, low-income families and new immigrants — out.
Debbie Wei, of the Save Chinatown Coalition, said the mayor alone should not decide “whether our community should live or die.”
“This fight is far from over,” she said in a statement. “We are going to fight this, and we are going to the mat. It’s on.”
Comcast Spectacor Chairman and CEO Daniel J. Hilferty said they will keep the door open for the 76ers as the plan unfolds while working with the Phillies to expand entertainment venues and jobs at the South Philadelphia complex.
“Either way, we always want what is best for Philadelphia,” Hilferty said in a statement.
___
AP sportswriter Dan Gelston contributed to this report from Philadelphia.
veryGood! (6255)
Related
- House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
- Today’s Climate: June 11, 2010
- Telemedicine abortions just got more complicated for health providers
- A judge temporarily blocks an Ohio law banning most abortions
- Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
- 2015: The Year Methane Leaked into the Headlines
- PGA Tour and LIV Golf to merge, ending disruption and distraction and antitrust lawsuit
- Camila Cabello and Shawn Mendes’ Latest Reunion Will Have You Saying My Oh My
- Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
- Montana health officials call for more oversight of nonprofit hospitals
Ranking
- Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
- Overlooked Tiny Air Pollutants Can Have Major Climate Impact
- Today’s Climate: June 9, 2010
- Every Royally Adorable Moment of Prince George, Princess Charlotte and Prince Louis at the Coronation
- Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
- All the Jaw-Dropping Fascinators Worn to King Charles III’s Coronation
- 2016: When Climate Activists Aim to Halt Federal Coal Leases
- New Questions about Toxic By-Products of Biofuel Combustion
Recommendation
Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
Polar Bears Wearing Cameras and Fitbits Reveal an Arctic Struggle for Survival
Scientists debate how lethal COVID is. Some say it's now less risky than flu
A box of 200 mosquitoes did the vaccinating in this malaria trial. That's not a joke!
The White House is cracking down on overdraft fees
Three Sisters And The Fight Against Alzheimer's Disease
Georgia's rural Black voters helped propel Democrats before. Will they do it again?
Unique Hazards of Tar Sands Oil Spills Confirmed by National Academies of Sciences